SS&C Technologies Holdings Inc

SSNC: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$22.00	Mbrhnd	Lfyhcmtby

Solid Finish to 2021 for SS&C, 2022 Outlook Consistent With Street Expectations

Rajiv Bhatia

Feb 11, 2022

SS&C finished 2021 with a good fourth quarter. Revenue for the quarter of $1.30 billion and adjusted EPS of $1.28 topped the FactSet consensus of $1.26 billion and $1.23, respectively. The firm’s initial 2022 outlook was mostly in line with consensus estimates. Overall, there was little in the firm’s financial results that would alter our long-term view of the firm. We will maintain our narrow moat rating and fair value estimate of $85.

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